The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-23
AFFAIRS OF THE RAILWAYS.
The Nfckei-Piate Consolidation.

The Ntcket-Rtate
New York. Sept PA meeting of the stock
holders of the New York, Chicago 81 St Louis
railway. which 10 the reorganized Nickal-plate.
was held to-day for the purpose OF consolidating
the present system with the Fort Wayne &
Illinois and Cleveland q State-line companies,
under the laws of the States through which
they run, and consolidation was effected without
opposition. Meetings for the same purpose
were held at the same time In Cleveland and Fort
Wayne in order to conform with the State laws.
The directors of the reorganized company will
meet Wednesday, Sept. %, to elec5 officers,
snd the new securities of the company will be
Issued between Oct and Is
CLEVELAND, o.. Sept pa special meeting
Of the stockholders Of the Cleveland 81 State
Line Railroad Company was neld to-day at the
office of Receiver Caldwell, of the Nickel-plate.
The object of the meeting was fulfilled by the
Adoption of agreement to consolidate the
company with the New York. Chicago and St
Louis Railroad Company, which represents the
Nickel-plats road in New York and Pennsyl-
vanis. and the Fort WAYNE 81 Illinois Railroad
Company, which represents the Nickel-plat
property in Indiana and Illinois. The consoi-
dalton thus effected includes all the companies
formed by the Nickel-pla reorganization com
mittee, and covers the right and title to the en-
tire Nckel-plate road, the name of which shall
be the New York. Chicago Il ST. Louis Railroad A
meeting Of the stockholders of this consolidated
company will be held at New York, on Satur-
day. for the purpose of electing board Of di-
for the new company. The directors
then elected will meet at New York next Wednes-
day, and organize. Mr.. D. w. CALDWELL the
receiver of the road and its former president,
will be elected president The board will also,
Rt the meeting next Wednesday. authorize the
issue OF bonds. provided for IN the reorganiza-
ton of the company, namely: 81, Oo0. ooO Tor
mortgage bonds, payable in golo coin nifty
years from date. with interest at per cent. per
annum. payable in gold semi-annually. The
new company expects to take possession or the
road in October.
How the c., III. g. d. Accounts were Doctored.
CINcINNATI, Sept 22.--The hearing of the
application for receiver for the Cincinnati,
Hamilton e. Day ton railroad proceeded at Ham
ilton to-day before Judge Vandever. Mr.. Geo.
Lishaw. who has been auditor of the road since
July, 1886, testified that when Ives Staynor
were here. just before the annual meeting Ives
asked him to change the annual report, which
was then in type. He made the change as
Qussted, but he was not asked TO change his books
TO correspond with the report. The books do
not correspond with the reports in the
particulars involved. which we're real estate and
OF equipment, the stock account and the cash
account. Mr.. Waite held argument with
Ives about the real estate and equipment MIR.
Waite concluded that nothing should appear in
that account that was not paid for. mir. Ives
thought Otherwise" said the witness, "and or
Gered me TO make changes in my report and
Mr.. Waites. Mr.. Ives ordered me- also, to
change the preferred stock from 81, 0O0.O0O to
SO, $50, 900. saying that he had issued this addi-
tional So, $50 0O0 Mr.. Waite not present
when this stock change was ordered. | so
changed the cash account to show additional
amount of cash on hand Of 90. $50 600, the
amount of the preferred stock
Agreement Between Railways and shippers.
PEORIA, Sept 22.-The conference OF commit
tees appointed at Springfield recently to adjust
Illinois freight rates held in this city to day
There was a large attendance OF shippers and
rapraa0p nf diffarept roads Altar fuIl
discussion between committees representing
railroads and shippers it was agreed that pres
emit determinations between State and inter-
state rates could be removed without making
general reductions throughout the State and
the railways their part agree to do all in their
power TO remove the determinations at an early
date, while the shippers committee will unite
with them in a request to the State Commission
ers to hold in allegiance all complaints filed with
them in order to give the railways q reasonable
opportunity OF removing the causes of complaint
A basis agreed upon by which discrmina-
tons TO be removed. but the committee de-
clned to make it public.
The O. & MI. Cuts East-Bouud Rates.
ST.. LOUIS. Sept. 22.-The Ohio 6 Mississippi
railroad has some reduction each day to in
tsrest the public. Their latest action is a cut
ting Of the already low rate to Baltimore and
Washington aud return making the charge but
800 %, q cut of So Is. The Bee-line has been
announced as the object of the attack yet this
rate injuries no other road but the Vandalia line.
One Of the novel features of the fight is the
ability Of the scalper to send the passenger to
Buffalo for nothing and still make profit. This
is because the roundtrip rate is So; the rate one
way is $18 %. The cut rate is only issued at st.
Louis, full fare being demanded from Buffalo.
The Dressed-Beef Rates.
CHICAGO. Sept 22-The Chicago g. Alton has
given the required fifteen davs' notice that, com
mencing October A. It would make the same
rates on dressed beef from Kansas City and
south western Missouri river points as the Chi
cago, Milwaukee g. ST Paul makes under the
Hammond contract from Omaha and Council
Bluffs. The action of the Alton will necessitate
n reduction in dressed beef rates from Kansas
City and other Missouri river points by South
western Association lines.
Rock Island aud Commissions.
Special to the INDIANAPOLIS Journal.
NEW YORK, Sept. 22-The controversy be-
tween the Rock Island and Eastern lines con-
corning payment of commissions by Western
roads was ended to-day in favor of the Rock
Island. The Erie. New York Central, West
Shore and Baltimore & Ohio issued instructions
to their agents to put Rock Island tickets
sale. The Rock Island did not to have
their tickets on sale with Pennsylvania, Lacka-
wanna and Ontario g. Western.
Local and State Notes.
E. B. Cook appointed agent of the Van
dalla at Grass Creek, yesterday.
The Ohio e. Mississippi road has placed a rep
Yesentative of their passenger departments at
Columbus, o., to fight the Decline ST. Louis
business
Should the Inter state Commission decide
against the L., N, A 81 G., in the matter before
that body it will shut the Blue line out of this
territory.
~ M Stewart, the well-known conductor on